Recession Risk – The Best Reason To Be Bullish Right Now Is There Are So Few Reasons To Be Bullish: BAML

Investors should be long cash and volatility, as a Bank of America Merrill Lynch (BAML) Thundering Word report titled “Recession Reset” provides a glimpse of what it says are "recession risks " that are currently mis-priced.

Since quantitative magic show ended, tricks being played in different markets

Cash is king as investors should be prepared for a short, sharp pullback in risk assets if one of a handful of conditions are met, including a spike in volatility or asset market behavior that would cause the U.S. Federal Reserve to pause on its stated aggressive interest rate hike path.

The...